JACO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JACO
Largest movements
- Receivables after one year +€90,490
new in 2025: €90,490
- Tangible fixed assets -€40,850
down €40,850 (-12.6%), from €324,918 to €284,068
of which Furniture and vehicles: -€37,082
- Cash -€25,523
down €25,523 (-33.7%), from €75,810 to €50,287
mainly Receivables after one year (-€90,490) and Debts after one year (-€31,636)
- Receivables within one year -€5,677
down €5,677 (-4.5%), from €124,776 to €119,099
of which Other amounts receivable: -€47,776
- Trade debts +€32,371
up €32,371 (+670.6%), from €4,827 to €37,198
- Debts after one year -€31,636
down €31,636 (-66.1%), from €47,828 to €16,193
- Reserves +€12,930
up €12,930 (+2.9%), from €438,514 to €451,444
- Gross operating margin +€27,360
up €27,360 (+41.8%), from €65,519 to €92,879
- Taxes +€7,218
up €7,218 (+650.0%), from €1,110 to €8,328
- Staff costs +€5,760
new in 2025: €5,760
- Depreciation +€1,584
up €1,584 (+2.8%), from €55,765 to €57,349
- Financial charges +€1,477
up €1,477 (+23.1%), from €6,385 to €7,862
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €529,609 | €543,969 | +€14,359 | +2.7% |
| Fixed assets | 21/28 | €324,918 | €284,068 | -€40,850 | -12.6% |
| Tangible fixed assets | 22/27 | €324,918 | €284,068 | -€40,850 | -12.6% |
| Land and buildings | 22 | €27,004 | €24,081 | -€2,924 | -10.8% |
| Plant, machinery and equipment | 23 | €20,635 | €31,266 | +€10,631 | +51.5% |
| Furniture and vehicles | 24 | €255,964 | €218,881 | -€37,082 | -14.5% |
| Leasing and similar rights | 25 | €21,315 | €9,840 | -€11,475 | -53.8% |
| Current assets | 29/58 | €204,691 | €259,901 | +€55,209 | +27.0% |
| Amounts receivable after more than one year | 29 | - | €90,490 | +€90,490 | |
| Other amounts receivable | 291 | - | €90,490 | +€90,490 | |
| Amounts receivable within one year | 40/41 | €124,776 | €119,099 | -€5,677 | -4.5% |
| Trade receivables | 40 | €45,131 | €87,230 | +€42,099 | +93.3% |
| Other amounts receivable | 41 | €79,645 | €31,869 | -€47,776 | -60.0% |
| Cash at bank and in hand | 54/58 | €75,810 | €50,287 | -€25,523 | -33.7% |
| Deferred charges and accrued income | 490/1 | €4,105 | €24 | -€4,081 | -99.4% |
| Total equity and liabilities | 10/49 | €529,609 | €543,969 | +€14,359 | +2.7% |
| Equity | 10/15 | €444,720 | €457,650 | +€12,930 | +2.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €438,514 | €451,444 | +€12,930 | +2.9% |
| Distributable reserves | 133 | €438,514 | €451,444 | +€12,930 | +2.9% |
| Amounts payable | 17/49 | €84,889 | €86,319 | +€1,430 | +1.7% |
| Amounts payable after more than one year | 17 | €47,828 | €16,193 | -€31,636 | -66.1% |
| Financial debts | 170/4 | €47,828 | €16,193 | -€31,636 | -66.1% |
| Amounts payable within one year | 42/48 | €37,002 | €70,126 | +€33,124 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €32,175 | €31,636 | -€540 | -1.7% |
| Trade debts | 44 | €4,827 | €37,198 | +€32,371 | +670.6% |
| Suppliers | 440/4 | €4,827 | €37,198 | +€32,371 | +670.6% |
| Taxes, remuneration and social security | 45 | - | €1,293 | +€1,293 | |
| Taxes | 450/3 | - | €1,293 | +€1,293 | |
| Accrued charges and deferred income | 492/3 | €59 | - | -€59 | |
| Remuneration, social security and pensions | 62 | - | €5,760 | +€5,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,765 | €57,349 | +€1,584 | +2.8% |
| Other operating charges | 640/8 | €1,249 | €656 | -€593 | -47.5% |
| Gross operating margin | 9900 | €65,519 | €92,879 | +€27,360 | +41.8% |
| Operating profit (loss) | 9901 | €8,505 | €29,113 | +€20,608 | +242.3% |
| Financial income | 75/76B | €3 | €7 | +€4 | +127.2% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +127.2% |
| Financial charges | 65/66B | €6,385 | €7,862 | +€1,477 | +23.1% |
| Recurring financial charges | 65 | €6,385 | €7,862 | +€1,477 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €2,123 | €21,258 | +€19,135 | +901.5% |
| Income taxes | 67/77 | €1,110 | €8,328 | +€7,218 | +650.0% |
| Profit (loss) for the period | 9904 | €1,012 | €12,930 | +€11,918 | +1177.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012 | €12,930 | +€11,918 | +1177.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.